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Revenues
12 Months Ended
Dec. 31, 2021
IFRS Text Block [Abstract]  
Revenues

Note 28. Revenues

28.1Nature of goods sold and services

The information sets below described the core activities of the business units from which the Company generates its revenues. According to the standard, the performance obligation for the Company’s business units is satisfied at a point when the control of goods and services is transferred to the customers. For detailed information about business segments, see Note 27.

Segment

Product or Service

Nature, timing to fulfill the performance obligation and significant payment terms

Coca-Cola FEMSA

Beverages sales

Includes the delivery of beverages to customers and wholesalers. The transaction prices are assigned to each product on sale based on its own sale price separately, net of promotions and discounts. The performance obligation is satisfied at the point in time the product on sale is delivered to the customer.

Services revenues

Includes the rendering of manufacturing services, logistic and administrative services. The transaction prices are assigned to each product on sale based on its own sale price if sold separately. The performance obligation is satisfied at the point in time the service is delivered to the customer.

FEMSA Comercio –Proximity Division

Products sales

Operates the largest chain of small-format stores in Mexico and Latin America including as some of its principal products as beers, cigarettes, sodas, other beverages and snacks. The performance obligation is satisfied at the time of the sale or at the moment the control of the product is transferred and the payment is made by the customer.

Commercial revenues

Includes mainly the commercialization of spaces into within stores, and revenues related to promotions and financial services. The performance obligation is satisfied at the point in time the service is rendered to the customer.

FEMSA Comercio – Health Division

Product sales

The core products include patent and generic formulas of medicines, beauty products, medical supplements, housing and personnel care products. The

performance obligation is satisfied at the point in time of the sale or at the moment the control of the product is transferred to the customer.

Services revenues

Rendering of services adding value as financial institutions, medical consultation and some financial services. The performance obligation is satisfied at the point in time of the rendering or the control is transferred to the customer.

FEMSA Comercio – Fuel Division

Product sales

The core products are sold in the retail service stations as fuels, diesel, motor oils and other car care products. The performance obligation is satisfied at the point in time on sale and/or the control is transferred to the customer.

Logistics and distribution

Integral logistic services

Rendering a wide range of logistic services and maintenance of vehicles to subsidiaries and customers. The operations are on a daily, monthly or based upon the customer’s request. The revenue is recognized progressively during the time the service is rendered in a period no greater than a month.

Product sales in the Jan-San, packaging and specialized distribution industry.

The revenues in this business are integrated from the sale of consumables in the janitorial, sanitary supply, and packaging industry in the United States. The performance obligation is satisfied at the point in time on sale and/or when the control is transferred to the customer.

Others

Production and sale of commercial refrigeration, plastic solutions, sale of equipment for food processing

Involves the production, commercialization of refrigerators including its delivery and installation and offering of integral maintenance services at the point of sale. Also includes the design, manufacturing, and recycling of plastic products. In addition, it includes the sale of equipment for food processing, storage and weighing. The revenue recognition is performed at the time in which the corresponding installation is concluded. The recognition of revenue in other business lines is performed at the point of sale or in time the control of the product is transferred to the customer.  

28.2Disaggregation of revenue

The information sets below describe the disaggregation of revenue by geographic area, business unit and products and services categories in which the Company operates. The timing in which the revenues are recognized by the business units in the Company, is mainly at the point in the time in which control of goods and services is transferred in its entirety to the customer.

FEMSA Comercio – 

FEMSA Comercio – 

FEMSA Comercio – 

Other

Coca-Cola FEMSA

Proximity Division

Health Division

Fuel Division

Logistics and Distribution

Segments

Total

2021

  

2020

  

2019

  

2021

  

2020

  

2019

  

2021

  

2020

  

2019

  

2021

  

2020 (Revised)

  

2019 (Revised)

  

2021

2020 (Revised)

  

2019 (Revised)

  

2021

  

2020 (Revised)

  

2019 (Revised)

  

2021

  

2020

  

2019

By geographic areas:

  

  

Mexico and Central America (1)

Ps.

115,794

 

Ps.

106,783

 

Ps.

109,249

 

Ps.

195,990

 

Ps.

179,218

 

Ps.

182,864

 

Ps.

10,814

 

Ps.

9,716

 

Ps.

8,170

 

Ps.

39,922

 

Ps.

34,322

 

Ps.

48,790

 

Ps.

11,789

Ps.

11,349

 

Ps.

12,269

 

Ps.

19,260

 

Ps.

15,519

 

Ps.

19,010

 

Ps.

393,569

 

Ps.

356,907

 

Ps.

380,352

United States (2)

11

15

27,787

11,563

279

687

28,077

12,265

South America (3)

79,010

 

76,832

 

85,222

 

2,585

 

2,044

 

1,946

 

62,213

 

55,456

 

50,752

 

 

 

 

8,836

8,656

 

7,565

 

2,215

 

1,105

 

1,988

 

154,859

 

144,093

 

147,473

Venezuela

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

18

 

 

 

18

Total revenues

194,804

 

183,615

194,471

 

198,586

 

181,277

 

184,810

 

73,027

 

65,172

 

58,922

 

39,922

 

34,322

 

48,790

 

48,412

31,568

 

19,834

 

21,754

 

17,311

 

21,016

 

576,505

 

513,265

 

527,843

Consolidation adjustments

5,428

 

5,016

 

5,688

 

520

 

451

 

325

 

 

 

 

57

 

9

 

11

 

5,809

5,508

 

5,953

 

8,430

 

9,315

 

9,155

 

20,244

 

20,299

 

21,132

Consolidated revenues

189,376

 

178,599

 

188,783

 

198,066

 

180,826

 

184,485

 

73,027

 

65,172

 

58,922

 

39,865

 

34,313

 

48,779

 

42,603

26,060

 

13,881

 

13,324

 

7,996

 

11,861

 

556,261

 

492,966

 

506,711

By products and/or services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products sold in the point-of-sale

Ps.

194,804

 

Ps.

183,615

 

Ps.

194,471

 

Ps.

198,586

 

Ps.

181,277

 

Ps.

184,810

 

Ps.

73,027

 

Ps.

65,172

 

Ps.

58,922

 

Ps.

39,585

 

Ps.

34,322

 

Ps.

48,790

 

Ps.

27,623

Ps.

11,276

 

Ps.

 

Ps.

14,814

 

Ps.

11,443

 

Ps.

12,261

 

Ps.

548,439

 

Ps.

487,105

 

Ps.

499,254

Services revenues

 

 

 

 

 

 

 

 

 

337

 

 

 

20,789

20,292

 

19,834

 

6,940

 

5,868

 

8,755

 

28,066

 

26,160

 

28,589

Consolidation adjustments

5,428

 

5,016

 

5,688

 

520

 

451

 

325

 

 

 

 

57

 

9

 

11

 

5,809

5,508

 

5,953

 

8,430

 

9,315

 

9,155

 

20,244

 

20,299

 

21,132

Consolidated revenues

189,376

 

178,599

 

188,783

 

198,066

 

180,826

 

184,485

 

73,027

 

65,172

 

58,922

 

39,865

 

34,313

 

48,779

 

42,603

26,060

 

13,881

 

13,324

 

7,996

 

11,861

 

556,261

 

492,966

 

506,711

(1)Central America includes Guatemala, Nicaragua, Costa Rica and Panama. Domestic (Mexico only) revenues were Ps. 355,920, Ps. 320,694 and Ps. 346,659 during the years ended December 31, 2021, 2020 and 2019, respectively.

(2)On May 15, 2020, the Company completed the acquisition of the specialized distribution business of cleaning products and consumables in the United States, through the controlling interest of NW Synergy, which includes WAXIE Sanitary Supply (“WAXIE”) and North American Corporation (“North American”). Additionally, on December 31, 2020, the Company completed the acquisition of Southeastern Paper Group (“SEPG”). In 2021 the Company acquired other companies increasing its specialized distribution footprint in the United States. See Note 4.1.

(3)South America includes Brazil, Argentina, Colombia, Chile, Uruguay and Ecuador. South America revenues include Brazilian revenues of Ps. 59,973, Ps. 62,758 and Ps. 67,076 during the years ended December 31, 2021, 2020 and 2019, respectively. South America revenues include Colombia’s revenues of Ps. 17,548, Ps. 14,800 and Ps. 16,440 during the years ended December 31, 2021, 2020 and 2019, respectively. South America revenues include Argentina’s revenues of Ps. 8,546, Ps. 5,531 and Ps. 6,857 during the years ended December 31, 2021, 2020 and 2019, respectively. South America revenues include Chile’s revenues of Ps. 54,709, Ps. 47,208 and Ps. 45,276 during the years ended December 31, 2021, 2020 and 2019, respectively. South America revenues include Uruguay’s revenues of Ps. 3,371, Ps. 3,124 and Ps. 3,421 during the years ended December 31, 2021, 2020 and 2019, respectively. South America revenues include Ecuador’s revenue of Ps. 9,079 , Ps. 9,467 and Ps. 6,539 during the year ended in December 31, 2021, 2020 and 2019, respectively.

28.3Contract balances

As of December 31, 2021, no significant cost was incurred to obtain or perform on a contract that might be capitalized as assets. No significant contacts have been entered into for which the Company has not performed all the obligations as well as additional costs associate with them.

28.4 Transaction price assigned to remaining performance obligations

No performance obligations were identified in customer contracts that are not included in the transaction price, as a result of identified variable considerations per each business unit are part of the transaction price through be consider highly probable that not occurs a significant reversion of the revenue amount.